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63.0¢ zelira therapeutics limited

Yeah i'm pretty disappointed that Zelda decided to do this...

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ctcr18

58 Posts.

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14/10/19

11:13

Post #: 40866712
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Originally posted by amb005: ↑

Esssh come back to this old chest nut, posters so ignorant and deluded not even accepting dilution is happening now.

How about the piece of proof from the company themselves released through the ASX. You know the official document outlining the merger? That proof enough to support you?

Currently ZLD has 758 million shares issued, as per the the merger, see cut from official proposal below. there will be a total of 838.8 million shares issued for total consideration of this deal.

After the deal transpires ZLD will have a massive float of 1.596 billion shares, thats right billion

758 million (47.5%) +
838.8 million (52.5%)=
1596.8 million

So in a way you could be right, we are not getting diluted by 50%, its more, 52.5%. And currently we shareholders dont even collectively own half this company, more than half is been given to illera team.
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Yeah i'm pretty disappointed that Zelda decided to do this merger right before multiple trial results were due which would have boosted the SP a lot. A deal after the results were announced at a much higher SP would have been a much better idea. Just does not make sense honestly. SP has been hammered since the announcement.

ZLD Price at posting: 6.6¢ Sentiment: Hold Disclosure: Held
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Last 63.0¢		Change 0.000(0.00%)		Mkt cap ! $7.148M

Open	High	Low	Value	Volume
63.0¢	63.0¢	63.0¢	$636	1.01K

Buyers (Bids)

No.	Vol.	Price($)
1	1190	63.0¢

Sellers (Offers)

Price($)	Vol.	No.
73.0¢	4489	3

View Market Depth

No.	Vol.	Price($)
1	1190	0.630
2	5830	0.610
4	5415	0.600
1	8000	0.580
1	1200	0.560

Price($)	Vol.	No.
0.730	4489	3
0.760	3933	1
0.930	6000	1
0.940	41387	3
1.000	17106	2

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